1inch launches Solana integration to boost DeFi liquidity
1inch is integrating Solana, enabling traders to swap over 1 million tokens native to the blockchain.
1inch is continuing its expansion across major blockchains, giving traders broader access to token swaps. On Tuesday, April 29, the decentralized exchange aggregator added support for the Solana (SOL) network. This move will allow traders to swap over 1 million distinct Solana-native tokens on its platform.
According to 1inch, these tokens will be issued through secure methods while protecting investors from market manipulation. The platform boasts maximal extractable value protections, which prevent large traders from front-running retail trades. Additionally, it draws liquidity from all major Solana DEXs to offer the best available swap rates.
“Now, more than 1 mln tokens issued on Solana are available on 1inch for secure, MEV-protected swaps at the best rates,” 1inch.
Traders will also benefit from advanced trading features, including a token swap algorithm based on Dutch auction mechanics. This model helps reduce slippage, allowing both buyers and sellers to execute trades more efficiently.
1inch to boost Solana’s DeFi
Beyond trader benefits, the 1inch integration could have a major impact on the broader Solana ecosystem. As a DEX aggregator, 1inch taps into liquidity across all major decentralized exchanges, helping to provide traders with optimal conditions.
“By efficiently aggregating all liquidity available on the market, 1inch minimizes slippage and ensures the best possible rates for swaps,” 1inch.
Similar to previous major rollouts, the launch on Solana has the potential to significantly boost its DeFi landscape. Increased access to liquidity can help stabilize price swings and create upward pressure on token prices.
Solana becomes the fourteenth blockchain supported by 1inch, joining networks such as Ethereum (ETH), Polygon (POL), Fantom (FTM), and Binance Smart Chain (BSC). Solana tokens will also be available for swaps via the 1inch Wallet app.
